Ukraine’s largest mobile operator plans to buy the Uklon taxi service and aims to become the biggest domestic IT investor.

Ukraine’s largest mobile operator, Kyivstar, is discussing the possibility of acquiring Uklon, which has developed an online platform for ordering transportation and delivery. The price to purchase Uklon could range from $40-80M.

For Kyivstar, investing in Uklon is a logical step in building an integrated digital ecosystem, an essential stage of inorganic growth and business scaling that will help to fulfill a $1B investment commitment by 2027.

At the same time, the deal will allow Uklon to increase its investments in digital services and scale in new markets. This acquisition would be a strong signal for Ukrainian and international investors who are ready to join Ukraine’s reconstruction, despite the war’s continuation.

The investment is explained by the accumulation of dividends during the war, which turned Kyivstar into one of Ukraine’s largest domestic investors. Also, Kyivstar’s investments in IT, given the experience of European telecommunications operators, will be useful for the company’s announced IPO.